Prepare the General Journal entries for Larah Traders for the following transactions in February 2025: Write off bad debts of R500, owner withdrew stock for personal use (R1500), and charge interest o

Here are the remaining transactions recorded in the General Journal for Larah Traders for February 2025:

General Journal of Larah Traders
February 2025

Date	Details	Folio	Debit (R)	Credit (R)
3	Bad Debts Expense		500
	Debtors Control (I. Owe)			500
	To write off irrecoverable debt
14	Drawings		1 500
	Trading Stock			1 500
	Owner withdrew stock for personal use
16	Debtors Control (A. Andy)		15
	Interest Income			15
	To charge interest on overdue account
19	Donation Expense		990
	Drawings			990
	To correct error: donation debited to Drawings

Calculations for Date 16:
Interest = Principal $\times$ Rate $\times$ Time

$$\text{Interest} = \text{R}600 \times 10\% \times \frac{3}{12}$$ $$\text{Interest} = \text{R}600 \times 0.10 \times 0.25$$ $$\text{Interest} = \text{R}15$$